The CEO of TikTok is an outright liar and a pawn in this game. The shareholders aren't making the decision that Chinese Communist Party is. It's hard to find engineers. And, hey, you're trying to keep your burn rate low. You need to conserve cash. Why would China risk being banned and getting $0 instead of getting tens of billions to hundreds of billions of dollars by simply taking the company public and divesting?
Jason kicks off today's episode by reacting to TikTok CEO Shou Zi Chew's testimony in front of Congress (1:41) before delving into the news that Coinbase was served a Wells notice by the SEC (22:57). Then, he discusses the reports that Do Kwon has been arrested in Montenegro (32:35) before wrapping up with more information on China and TikTok (35:44).
(0:00) Jason kicks off the show
(1:41) Jason reacts to Shou Zi Chew's testimony in front of Congress
(6:14) China's use of private companies to manipulate its population
(11:02) Linode - Apply to Linode's Rise program for up to six figures in discounts at https://linode.com/twist
(12:29) TikTok's ability to influence our youth
(16:48) Chinese espionage
(21:27) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(22:57) SEC serves Coinbase a Wells Notice
(31:19) Clumio - Visit https://clumio.com/twist to start a free backup or sign up for a demo
(32:35) Do Kwon arrested in Montenegro
(35:44) More information on China and TikTok
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